SAP® ERP, previously known asSAP R/3®, is a leadingenterprise resource planning software developed bySAP AG in Germany. As of early 2013, it is used by about corporate 50,000 customers across 25 industries, 37 languages, and 45 localizations.[1]
The strength of SAP is itsonline integration across key business functions, such as procurement, sales, banking and accounting. As soon as a warehouse clerk confirms a goods receipt from a vendor, it is immediately shown on a general ledger account. And when the vendor's invoice is entered, SAP automatically compares its price and quantity against the ordered and received ones and based on the result, it either releases it or blocks it against payment. One set of master data (e.g., vendor and customer list, catalogue of materials etc.) is used throughout the system, reducing the need for duplicate maintenance. If you are authorized, it is easy for you to "click through" from one object (e.g., accounting document) to all related information (e.g., original vendor invoice, purchase order, goods receipt, vendor and article master, payment document). This in turn implies, that:
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